BAIDU INC. ADS

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	BIDU
ISIN:

BAIDU INC. ADS - 1H - Technical analysis published on 10/28/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Neutral

Technical indicators

83%

17%

My opinion

Bullish above 90.24 USD

My targets

97.80 USD (+4.73%)

104.86 USD (+12.29%)

My analysis

The strong short-term increase of BAIDU INC. ADS should quickly allow the basic trend to become bullish. As long as the price remains above the support located at 90.24 USD, a purchase could be considered. The first bullish objective is located at 97.80 USD. The bullish momentum would be boosted by a break in this resistance. Buyers could then target the resistance located at 104.86 USD. If there is any crossing, the next objective would be the resistance at 108.57 USD. Caution, if there is a return under 90.24 USD, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

3.8

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

BAIDU INC. ADS rating 93.38 USD. The price has increased by +4.00% since the last closing with the lowest point at 92.39 USD and the highest point at 93.41 USD. The deviation from the price is +1.07% for the low point and -0.03% for the high point.

92.39

93.41

93.38

The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of BAIDU INC. ADS indicates that the overall trend is not clearly defined. The strong bullish signals currently being given by short-term moving averages could allow the overall trend to return to bullish. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 1 hour

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : 1 hour

Moving Average bullish crossovers : AMA20 & AMA50

Type : Bullish

Timeframe : 1 hour

In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	83.60	86.32	90.24	93.38	97.80	104.86	108.57
Change (%)	-10.47%	-7.56%	-3.36%	-	+4.73%	+12.29%	+16.27%
Change	-9.78	-7.06	-3.14	-	+4.42	+11.48	+15.19
Level	Major	Minor	Intermediate	-	Major	Intermediate	Minor

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	87.93	88.76	89.27	90.10	90.61	91.44	91.95
Camarilla	89.42	89.54	89.67	89.79	89.91	90.04	90.16
Woodie	87.78	88.68	89.12	90.02	90.46	91.36	91.80
Fibonacci	88.76	89.27	89.59	90.10	90.61	90.93	91.44

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	83.01	85.80	87.79	90.58	92.57	95.36	97.35
Camarilla	88.48	88.91	89.35	89.79	90.23	90.67	91.11
Woodie	82.62	85.60	87.40	90.38	92.18	95.16	96.96
Fibonacci	85.80	87.62	88.75	90.58	92.40	93.53	95.36

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	56.81	68.81	87.05	99.05	117.29	129.29	147.53
Camarilla	96.97	99.75	102.52	105.29	108.06	110.83	113.61
Woodie	59.93	70.37	90.17	100.61	120.41	130.85	150.65
Fibonacci	68.81	80.36	87.50	99.05	110.60	117.74	129.29

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	66.89
MACD (12,26,9):	-0.0200
Directional Movement:	26.13
AROON (14):	100.00
DEMA (21):	90.34
Parabolic SAR (0,02-0,02-0,2):	89.58
Elder Ray (13):	2.15
Super Trend (3,10):	90.52
Zig ZAG (10):	93.03
VORTEX (21):	0.9900
Stochastique (14,3,5):	81.13
TEMA (21):	91.25
Williams %R (14):	-1.32
Chande Momentum Oscillator (20):	4.19
Repulse (5,40,3):	0.7800
ROCnROLL:	1
TRIX (15,9):	-0.0800
Courbe Coppock:	3.41

MA7:	91.49
MA20:	99.92
MA50:	92.44
MA100:	91.13
MAexp7:	91.25
MAexp20:	90.62
MAexp50:	92.11
MAexp100:	94.61
Price / MA7:	+2.07%
Price / MA20:	-6.55%
Price / MA50:	+1.02%
Price / MA100:	+2.47%
Price / MAexp7:	+2.33%
Price / MAexp20:	+3.05%
Price / MAexp50:	+1.38%
Price / MAexp100:	-1.30%

Quotes : - 15 min delayed data - NASDAQ Stocks

News

The latest news and videos published on BAIDU INC. ADS at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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